$IR (Ingersoll-Rand Plc)

$IR {{ '2015-10-27T15:21:00+0000' | timeago}} • Webcast

$IR expects reported revenues for FY15 to be up 3% vs. 2014. In total $IR is reducing the back-half revenue forecast by about $140MM. FY15 adjusted EPS from continuing operations forecast, excluding restructuring and other one-time costs, updated to $3.69-3.74, while GAAP EPS from continuing operations forecast of $2.57-2.62.

$IR {{ '2017-09-05T12:52:20+0000' | timeago}} • Announcement

$IR said Didier Teirlinck, EVP, Climate segment, and Robert Zafari, EVP, Industrial segment, will assume interim roles as advisors to the CEO on growth plans and strategic initiatives until their retirements in 2018. Zafari also will lead the Fluid Management, Material Handling and Power Tools businesses until a successor is named.

$IR {{ '2017-09-05T12:50:14+0000' | timeago}} • Announcement

$IR appointed David Regnery as EVP, Ingersoll Rand, effective Sept. 5, 2017. The company named Donald Simmons to succeed Regnery as president of its commercial heating, ventilation and air conditioning (HVAC) business in North America and Europe, the Middle East and Africa (EMEA).

$IR {{ '2017-08-04T13:41:13+0000' | timeago}} • Announcement

$IR BoD declared a quarterly dividend of $0.45 per ordinary share. The dividend is payable Sept. 29, 2017, to shareholders of record on Sept. 8, 2017.

$IR {{ '2017-06-09T12:32:30+0000' | timeago}} • Announcement

Shareholders of $IR at the latest AGM considered the proposal to nominate to re-elect 10 members of Ingersoll's board of directors. The shareholders also considered the proposals for appointment of independent auditors and authorization of the Audit Committee to set the auditors' remuneration.

$IR {{ '2017-05-10T15:08:57+0000' | timeago}} • Announcement

$IR is targeting a revenue CAGR of approx. 4-4.5% and EPS CAGR of approx. 11-13% for the period from 2017-2020. The company is targeting operating margin of approx. 14.5-15% in 2020.

$IR {{ '2017-04-26T12:02:12+0000' | timeago}} • Announcement

$IR sees FY17 revenues to improve 2% and organic revenues to move up 3%, with a continuing EPS of $4.20-4.30. GAAP effective tax rate is estimated at 21-22%. Capex is touted to be $250MM, with cash flow from operating activities of $1.4-1.5Bil.

$IR {{ '2017-04-26T11:58:34+0000' | timeago}} • Announcement

In 1Q17, total bookings for $IR went up 6% to $3.4Bil. Operating income shed 5% to $215MM, on a 0.6 percentage point drop in operating margin of 7.2%. Organic revenue growth in North American operations was up 6% and in international operations was up 2%.

$IR {{ '2017-04-26T11:54:14+0000' | timeago}} • Announcement

$IR posted a 23% slump in 1Q17 attributable net income of $117.1MM from $152.4MM a year ago, offset by restructuring charges of $32.7MM or $0.10 per share. Diluted earnings dropped 22% to $0.45 per share, on a 3.7% net revenue bump to $3.0Bil.

$IR {{ '2017-02-08T15:45:54+0000' | timeago}} • Announcement

$IR plans to buy the business of Thermocold Costruzioni S.r.l, a privately held Italian company that manufactures and distributes heating, ventilating and air-conditioning (HVAC) systems and solutions for residential, commercial and industrial buildings in Europe.

$IR {{ '2017-02-08T15:17:23+0000' | timeago}} • Announcement

$IR BoD declared a quarterly dividend of $0.40 per ordinary share, payable on March 31, 2017, to shareholders of record on March 10, 2017.

$IR {{ '2017-02-08T15:16:33+0000' | timeago}} • Announcement

$IR BoD authorized a new share repurchase program of up to $1.5Bil of the company’s ordinary shares to commence upon the completion of the company’s current $1.5Bil program. Timing of the repurchase program depends on the available liquidity and cash flow, and general market conditions.

$IR {{ '2017-02-01T21:08:02+0000' | timeago}} • Webcast

For 2017, $IR expects North American trailer industry to be down low teens YoY. The company expects a relatively soft market for auxiliary power units and marine containers. Currency will be a headwind for the company in 2017.

$IR {{ '2017-02-01T21:03:34+0000' | timeago}} • Webcast

For 2017, $IR expects corporate, general and administrative expenses to be approx. $240MM and capital expenditures are expected to be approx. $250MM. The company targets $1.5Bil between a combination of share buyback and acquisition. If there is a reduction in the U.S. corporate tax rate, $IR expects to benefit from it.

$IR {{ '2017-02-01T20:46:26+0000' | timeago}} • Webcast

$IR said that 4Q16 EPS was hurt by discrete items in G&A, negative other operating income and taxes. Corporate costs were higher than expected, primarily due to stock-based and other incentive-based compensation and increased IT, infrastructure and security expenditures. $IR incurred higher-than-expected non-operating costs due to FX losses.

$IR {{ '2017-02-01T12:23:29+0000' | timeago}} • Announcement

$IR is targeting cash deployment of $1.5Bil for 2017 between share buybacks and acquisitions, and $420MM for dividends. The company expects free cash flow for the year to be $1.1-1.2Bil.

$IR {{ '2017-02-01T12:22:16+0000' | timeago}} • Announcement

For 2017, $IR expects revenue to grow approx. 2% from 2016; organic revenue to grow approx. 3%. Earnings from continuing operations is expected to be $4.15-4.35 per share, and adjusted EPS from continuing operations to be $4.30-4.50.

$IR {{ '2017-02-01T12:15:24+0000' | timeago}} • Announcement

In 4Q16, $IR generated cash flow from operating activities of $398MM and delivered free cash flow of $353MM. The company's cash balance at Dec. 31, 2016, increased by $978MM from 2015 to $1.7Bil.

$IR {{ '2017-02-01T12:11:06+0000' | timeago}} • Announcement

$IR reported a 15% YoverY drop in its 4Q16 earnings to $198.8MM, or $0.75 per diluted share. Excluding tax adjusted restructuring costs and a legal settlement related to a contract that predates the acquisition of Trane, the company posted adjusted continuing EPS of $0.84. Revenue grew nearly 1% YoverY to $3.36Bil.

$IR {{ '2016-10-26T23:09:29+0000' | timeago}} • Webcast

$IR said it is forecasting 2016 global transport markets to be down low single-digits in 2016. The company added that its forecast for North America trailer volumes has not changed and expects the market to be down slightly for 2016. Asian HVAC markets are expected to be flat to down and industrial markets in Asia are expected to be under pressure.

$IR {{ '2016-10-26T23:00:51+0000' | timeago}} • Webcast

During 3Q16, $IR extended its free cash flow performance by $644MM, bringing its YTD total to $992MM, up $527MM from a year ago. The company also expects its free cash flow for 2016 to approximate $1.3Bil, up more than $200MM from the earlier guidance of $1-1.1Bil.

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